In brief: LNG overtakes gold as top export and other Papua New Guinea news

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LNG overtakes gold as PNG’s top export, number of female executive appointments in PNG public service low and Bank of South Pacific reports profit rise. Your weekly digest of the latest business news.

Resources sector needs legislation that will position it for the future: Chamber

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Papua New Guinea’s approach to mining and resources legislation, currently under review, will be critical to positioning the country for the next upswing in prices, claims Greg Anderson, executive director of the PNG Chamber of Mines and Petroleum.

In brief: Agriculture Minister says Papua New Guinea must reinvest in sector, and other business stories

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Agriculture Minister says annual investment in agriculture is just K150 million a year, call for mining sector style tax incentives for agriculture, and Leaders’ summit critically important, says O’Neill. Your weekly digest of the latest business news.

Papua New Guinea mining and petroleum conference to emphasise need for stability: Chamber

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Regulatory stability, and how industry and Government can work together to deliver ‘shared benefits’ will be key themes of next week’s Papua New Guinea Mining and Petroleum Seminar in Port Moresby, according to PNG Chamber of Mines and Petroleum Executive Director, Greg Anderson.

In brief: Treasurer says Papua New Guinea government showing responsible fiscal management, and other business stories

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Treasurer Patrick Pruaitch denies Budget blowout, Kumul Petroleum to evaluate methanol plant and small rise in inbound tourism. Your weekly digest of the latest business news.

Bright spots, but challenges remain for Papua New Guinea’s mining sector

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Despite some positive developments for the mining sector in Papua New Guinea, the industry continues to face funding challenges for critical exploration activity, the PNG Chamber of Mines and Petroleum’s Greg Anderson tells Business Advantage PNG.

In brief: the first stage of Lae’s port upgrade is completed, and other business stories

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Lae port upgrade reaches milestone, Respol acquires Talisman Energy, and PNG forecast for significant economic growth. Your weekly digest of the latest business news.

In brief: Conn says Port Moresby businesses have ‘lost hope’ in security in Papua New Guinea, and other business stories

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Violence takes a toll on businesses in Papua New Guinea, Anglo American and Highlands Pacific form joint venture, and Sime Darby extends takeover deadline for NBPOL. Your weekly digest of the latest business news.

Papua New Guinea mining and petroleum conference to focus on global mining downturn

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Next month’s Mining and Petroleum Investment Conference in Sydney will take a critical look at how the industry can build on recent successful ventures in Papua New Guinea, as it deals with the global downturn.

Dealing with debt, deficit and transparency: experts identify key 2015 Budget issues

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The O’Neill government is preparing to deliver its 2015 budget, against a backdrop of rising government debt and rising expenditure. Business Advantage PNG asks what business needs and what we might expect.